The financial sector (XLF +0.2%) is the only positive performer in morning trade, coming after...

The financial sector (XLF+0.2%) is the only positive performer in morning trade, coming after Jefferies (JEF+1.6%) reported better-than-expected fixed income and investment banking revenue in its FQ1. Bank of America (BAC+3.2%) led the group after it denied a rumor that it would issue shares in a secondary offering. Also: GS+2.3%, MS+2.1%, C+1.6%.